Reliance files Jio DRHP; Motilal, Jefferies, Nomura see up to 28% upside
At its 49th AGM, Reliance detailed growth across retail, telecom, AI and energy while filing Jio's DRHP with SEBI for a possible end-2026 IPO. Jefferies, Nomura and Motilal reiterated Buy, with targets up to Rs 1,675 implying 28% upside and a Rs 11-12 trillion Jio valuation.
At its 49th AGM, Reliance detailed growth across retail, telecom, AI and energy, filing Jio's DRHP with SEBI for a possible end-2026 IPO. Brokerages Jefferies, Nomura and Motilal reiterated Buy, seeing up to 28% upside.